Whale strategy: Step 1. Dump #bitcoin Step 2. Load up on deep OTM calls Step 3. Buy as much bitcoin as you can right before expiry. Step 4. Collect on ITM calls

Do you think it's just a matter of time that market makers will need to start buying #Bitcoin to prevent getting margin called? Wtf is absolute scarcity anyway? 🤷‍♂️

Pain is the basis of good character. Suffering is the result of bad character under the influence of pain. #mindset

Being a non player when others are playing is what most humans experience unknowingly. Not understanding that a game is being played, not being willing to learn the rules of the game, Dunning-Kruger-ing the rules or simply being ignorant of the existence of rules; it is clear that disqualifying oneself is the main feature. Opting out isn’t neutral: it’s a forfeit. #NPC #gametheory

“You all see in the matter of coinage, in which it is felt that we have some interest, how we have even invented an art, and how many means the tester employs to test the coinage—sight, touch, smell, finally hearing; he throws the denarius down and then listens to the sound, and is not satisfied with the sound it makes on a single test, but, as a result of his constant attention to the matter, he catches the tune, like a musician.” -Epictetus (on validating #bitcoin blocks)

I'm grateful someone was willing to sell me some #bitcoin.

#Bitcoin is the first and only money ever.

If every HODLing Bitcoiner would get a loan at their own capacity today, to buy bitcoin with it straight away, it would send Bitcoin to $200k-$500k overnight. They could then liquidate a small portion of their #Bitcoin to settle the loan with. Rinse and repeat. Absolute scarcity is a monster fit only for real apes 🐒 It would require discipline and coordination, not ape like mayhem.

This is simple ape like financial advice for fellow apes, a thought experiment for very rudimentary thought capacity: Get a loan, borrow $100k @ 5% interest Keep $40k in a separate account so you can pay the interest for 8 years. (8y X 5% X 100k = 40k 🐒) Buy #Bitcoin for the remaining $60k Wait. Don't spend the money you set aside for servicing the loan. Don't spend the bitcoin 🐵 Check the price after 8 years. Celebrate.

I'm not competing. I never have. I produce that which nobody makes yet. When marginal profit arrives I offer my work for free.

In a fiat world, ideology is dominant over epistemology. #Bitcoin fixes this

Everyone with half a mind started shorting dollars at a certain point, whatever the asset or commodity of choice. First principle: every unit in a credit system is credit owed to someone. Which means that every unit is owed with interest, which means the interest needs to be newly introduced into the system to maintain the debt. Interest is the natural growth rate of fiat. The extra money to pay the interest does not exist yet → it must be created by someone else taking on new debt. This is exponential decay, it is exponential because a percentage, no matter what the percentage is, is added every year to service the debt. This exponential property of fiat is mathematically absolute, totally glossed over by most economists, and only requires you to buy some #bitcoin in case it catches on.

Fiscal dominance 👨🏻‍🍳

The left side of the bell curve is louder, for many reasons. #Bitcoin

Sats

At least learn to play the game, and teach your children how to play too. Or get screwed by those who play.

Belief is a construct to fullfill the expectations of the masses, because they expect to find certainty in their lives. The uncomfortable nature of our existence is that there is no certainty, only if/then relationships. Ideology is there to cloud your mind with fixed ideas of that which you'll never know with any certainty. You can have faith that the most plausible or the most desirable is your actual reality, but as soon as you start to believe you cloud your mind with fixations that block you from observation. Your epistemic ability will be compromised and your cognitive model will be filled with binary absolutes. This creates opposition in people, opposition towards eachother, opposition is quite literally the opposite of the most plausible model of reality: holism.

About bubbles: It's not a bubble when the denominator expands and the numerator needs to adjust to that expansion. Nominal indexation needs to adjust because of m2 expansion. It's not about value, the value stays mostly the same. It's about nominal expression in an exponentially expanding currency.

Core v30 vs. knots discussion? Nobody cares about fallacies. Nobody cares about solid argumentation. Great. Drama is way better of course.

Ideologues will prefer ideology. #Bitcoin